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SmarTrend Watching for Potential Rebound in Shares of Stryker Corp After 3.54% Loss

By Nick Russo

Stryker Corp (NYSE:SYK) traded in a range yesterday that spanned from a low of $183.14 to a high of $187.27. Yesterday, the shares fell 3.5%, which took the trading range below the 3-day low of $188.89 on volume of 757,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Stryker Corp and will alert subscribers who have SYK in their portfolio or watchlist when shares have changed trend direction.

Stryker Corp share prices have moved between a 52-week high of $226.30 and a 52-week low of $124.54 and are now trading 46% above that low price at $181.61 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders Stryker Corp

Ticker(s): SYK